According to the disclosure documents released by hkex on October 28th,$HSBC HOLDINGS (00005.HK)$,$AIA (01299.HK)$And so on to repurchase shares.
① $HSBC HOLDINGS (00005.HK)$purchased 0.96 million shares of common stocks on October 24th, involving an amount of 65.7889 million Hong Kong dollars, with a repurchase price per share ranging from 68.75 Hong Kong dollars to 68.2 Hong Kong dollars.
② $AIA (01299.HK)$On October 25, a total of 0.9856 million ordinary shares were repurchased, involving an amount of 62.3662 million Hong Kong dollars, with a repurchase price per share ranging from 64.3 Hong Kong dollars to 62.5 Hong Kong dollars.
Since the repurchase authorization resolution, the total number of securities repurchased is 0.316 billion shares, accounting for 2.81% of the total number of shares issued at the time of the ordinary resolution.
Repurchased 1 million ordinary shares on June 3, involving an amount of HKD60.6193 million, with a repurchase price per share ranging from HKD61.15 to HKD59.8.$BABA-W (09988.HK)$On October 24, a total of 1.6624 million ordinary shares were repurchased, involving an amount of 19.9857 million US dollars, with a repurchase price per share ranging from 12.17 US dollars to 11.94 US dollars.
Since the repurchase authorization resolution, the total number of securities repurchased is 0.119 billion shares, accounting for 0.64% of the total number of shares issued at the time of the ordinary resolution.
Asymchem Laboratories (06821.HK)$SWIREPROPERTIES (01972.HK)$On October 25, the company repurchased 0.6 million shares of common stock, involving an amount of 9.6559 million Hong Kong dollars, with a repurchase price per share ranging from 16.2 Hong Kong dollars to 16 Hong Kong dollars.
Since the share repurchase authorization resolution, the total number of repurchased securities is 20.7786 million shares, accounting for 0.355% of the total number of shares issued when the ordinary resolution was passed.
Repurchased 2.8 million weighted voting right shares on June 3, involving an amount of HKD50.0474 million, with a repurchase price per share ranging from HKD17.94 to HKD17.82.$SWIRE PACIFIC A (00019.HK)$On October 25, the company repurchased 0.1265 million shares of common stock, involving an amount of 8.2316 million Hong Kong dollars, with a repurchase price per share ranging from 65.45 Hong Kong dollars to 64.55 Hong Kong dollars.
Since the share repurchase authorization resolution, the total number of repurchased securities is 23.318 million shares, accounting for 2.792% of the total number of shares issued when the ordinary resolution was passed.
Details of share buybacks by listed companies can be found in the figure below:
What is share buyback?
Share buyback refers to a behavior of listed companies using cash to repurchase a certain amount of outstanding shares on the stock market. After the share buyback, the company can cancel the repurchased shares. This will reduce the number of outstanding shares in circulation, thus achieving positive effects such as market cap management, stock-based incentive, and stable stock price.